Beiersdorf Ag (BDRFF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.811 Good morning everyone and thank you for joining us for our full year 2025 results conference. 00:00:05.811 -- 00:00:10.327 I'm pleased to present an overview of our performance together with Astrid, who will 00:00:10.327 -- 00:00:13.312 later provide a detailed financial review. 00:00:13.312 -- 00:00:18.277 But before we begin, I want to touch on the situation in the Middle East. 00:00:18.277 -- 00:00:22.981 In situations like these, the safety of our employees and their families is our highest 00:00:22.981 -- 00:00:24.543 priority. 00:00:24.543 -- 00:00:29.367 Teams are in place in the regions to offer assistance and support on the ground, and 00:00:29.367 -- 00:00:32.450 we are in close communication with them. 00:00:32.450 -- 00:00:37.014 Given the volatility of the situation, it is too early to assess any potential impact 00:00:37.014 -- 00:00:39.076 on our business. 00:00:39.076 -- 00:00:43.619 We hope for a peaceful solution soon. 00:00:43.619 -- 00:00:47.401 Let me now turn to our full-year 2025 results. 00:00:47.684 -- 00:00:51.449 2025 was a year that demanded a lot from us. 00:00:51.449 -- 00:00:56.575 Economic and geopolitical uncertainties, shifting consumer behavior, and 00:00:56.575 -- 00:01:01.861 continued trade disruptions negatively affected market dynamics. 00:01:01.861 -- 00:01:07.028 Skincare market growth slowed to levels not seen in recent history, with 00:01:07.028 -- 00:01:11.193 particularly strong effects in the emerging markets region. 00:01:11.193 -- 00:01:16.225 These conditions shaped and challenged our performance more than anticipated at the 00:01:16.225 -- 00:01:21.738 start of the year. Even though we continued to make progress in several important 00:01:21.738 -- 00:01:26.701 areas, and where we ...